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Financing

Subway is apparently nearing a sale

 By Jonathan Maze on Aug. 21, 2023

Roark Capital is reportedly close to a $9.6 billion acquisition, though a source said that the process remains “very competitive and fluid.”

Leadership

Jennifer Tate is stepping down as Cracker Barrel's CMO

 By Peter Romeo on Aug. 21, 2023

The former Olive Garden marketing chief will seek other opportunities, Cracker Barrel said. Her departure was announced two weeks after the transition to a new CEO began.

Financing

The owner of Jimmy John's makes a run at Subway

By Jonathan Maze on Aug. 21, 2023

The Bottom Line: Roark Capital reportedly has the inside track at buying Subway. But it also owns Jimmy John’s. Can the two chains coexist under the same owner?

Leadership

Sweetgreen snags two former Chipotle execs

By Lisa Jennings on Aug. 21, 2023

Chad Brauze is the new head of culinary and Michael Kotick is leading the marketing team. Both are alums of fast-casual rival Chipotle.

Food

The pumpkin tsunami hits Caribou Coffee, IHOP and Another Broken Egg

By Patricia Cobe on Aug. 21, 2023

Taste Tracker: Dunkin’ and Perkins tap maple along with pumpkin; Del Taco sweetens the heat; it’s still summer at Sweetgreen; and meaty news from Smokey Bones and Bob Evans.

Financing

Here's another reason why sales might slow later this year

By Jonathan Maze on Aug. 18, 2023

The Bottom Line: U.S. consumers, which have kept spending at restaurants despite higher prices, are running out of excess pandemic savings. That might affect their spending.

Emerging Brands

Maple & Ash backers say they have proof of PPP cheating

By Peter Romeo on Aug. 18, 2023

Newly unsealed court documents contend the evidence abounds, potentially complicating the legal battles involving the high-volume concept.

Financing

Starboard Value takes a stake in Bloomin' Brands

By Joe Guszkowski on Aug. 18, 2023

The activist investor, which once won every seat on the Darden Restaurants' board, now owns nearly 10% of the Outback Steakhouse parent.

Operations

Jeff and Mike Mastro get second chance to do steakhouses differently with Steak 48

By Lisa Jennings on Aug. 18, 2023

They founded and sold the Mastro's chain. Now the brothers are building a new group of high-end steakhouses that attempt to raise the bar.

Leadership

New hires at Taziki's Mediterranean Cafe, Scooter's Coffee and Black Rock Coffee Bar

By Lisa Jennings on Aug. 18, 2023

Executive Summary: The latest job jump news includes staff changes at Panera Brands, Subway and Denny's.

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